Recent Study: Global Micro PLC Market is Propelled to grow at a CAGR of 8.17% during 2016-2020

Albany, NY, May 08, 2017: Micro PLCs incorporate I/O modules in the range of 24-128. They have opened up new perspectives in industrial control systems due to their compact dimension and low cost. Micro PLCs provide added functions in smaller packages, and are efficiently used in control applications in which space is limited. They can handle complex sequencing functions and switching of small control devices. They have an efficient price-performance ratio, and are used for simple and complex automation tasks in various industries, including food and beverage, automotive, chemical, pharmaceutical, metals and mining, paper and plastic manufacturing, conveyor systems, and packaging.

The global micro PLC market to grow at a CAGR of 8.17% during the period 2016-2020. The report covers the present scenario and the growth prospects of global micro PLC market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of global micro PLCs market. Micro PLCs are compact PLCs with greater than 24 and lesser than 128 I/Os.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Micro PLC Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Mitsubishi Electric
- OMRON
- Rockwell Automation
- Schneider Electric
- Siemens

Other prominent vendors
- ABB
- Beckhoff
- Bosch Rexroth
- GE
- Hitachi
- Honeywell International
- IDEC
- Yaskawa
- Yokogawa

Market driver
- Need for compact automation solutions
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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